Add 121.3 billion cubic meters! The proven reserves of Fuling shale gas field have exceeded one trillion cubic meters. The reporter learned from China Petrochemical today (12th) that China has made great progress in shale gas exploration. The proven reserves in Nanchuan block of Fuling shale gas field have increased by 121.356 billion cubic meters, and the accumulated proven reserves have reached one trillion cubic meters, which has added protection to national energy security. (CCTV News)South Korea's Seoul Composite Index rose to 1%.Industrial Securities' investment strategy for the construction industry in 2025: internal and external resonance, optimistic about debt conversion and the "Belt and Road" industry, Industrial Securities Research Report said that the construction industry will face certain pressure in 2024, and it is expected that infrastructure investment will remain high in 2025, driven by the debt conversion policy. Review and prospect of plate market: central state-owned enterprises and design plates led the gains, with obvious excess returns. Main line 1: Debt conversion is expected to drive the improvement of the management quality of construction central enterprises. 1) The driving force and mode of action of this debt conversion can be compared with the "Belt and Road" market in 2014 and the PPP market in 2016, and the policy is driven from top to bottom. 2) The institutions' positions in construction central enterprises are low, and the valuation of construction central enterprises is also in the lower position of the historical center. 3) The unprecedented intensity of debt conversion will help the central enterprises to realize the double promotion of EPS and PE. Main Line 2: The Belt and Road Initiative is expected to accelerate and benefit international engineering enterprises. The "Belt and Road" market has accelerated its expansion, and international engineering enterprises are expected to accelerate their going out to sea, and their performance and valuation have both improved.
Wanchen Group: It is planned to purchase 16 "New Zero Help" software systems of Nanjing Zhongcheng for 27.7031 million yuan. Wanchen Group announced that in order to meet the needs of the company and its holding subsidiaries to carry out daily business activities, the company plans to purchase 16 "New Zero Help" software systems held by Nanjing Zhongcheng at a transaction price of 27.7031 million yuan (including tax). Nanjing Zhongcheng is a related party of the company, and this transaction constitutes a related party transaction. According to the announcement, the software system is specially designed for retail and wholesale enterprises, mainly for medium and large retail enterprises.South Korea's Seoul Composite Index rose to 1%.Xinwangda: The subsidiary and Xiamen Tungsten Xinneng signed the Framework Agreement on Strategic Cooperation for Solid-State Batteries. Xinwangda announced that the subsidiary Xinwangda Power and Xiamen Tungsten Xinneng signed the Framework Agreement on Strategic Cooperation for Solid-State Batteries, and the two sides will carry out extensive and in-depth cooperation on research and development, mass production and market development of a series of new energy battery materials for solid-state batteries around their respective development strategies. The cooperation contents include the development of cathode materials for solid-state batteries, the development of electrolytes and related materials for solid-state batteries, the cooperative development of solid-state batteries and industrial cooperation.
The International Finance Corporation (IFC) and HSBC signed a $1 billion trade flow arrangement for emerging markets.German Foreign Minister: Ukraine needs hard security.CITIC Securities: The resonance between supply and demand of medical beauty accelerates the space expansion, and the difference in operating ability promotes the evolution of the industry structure. CITIC Securities Research Report stated that the medical beauty industry has both medical and consumption attributes, and the medical attribute has strong product-driven characteristics, while the consumption attribute has high operating ability requirements. The medical beauty botulinum toxin track is also affected by the dual attributes of medicine and consumption: 1) The increase in penetration rate, the acceleration of compliance substitution and the extension of indications have brought about high demand for medical beauty botulinum toxin, and with the recent supply expansion, the industry scale has experienced high growth; 2) The iteration of product innovation is slow, brand barriers are created through marketing, doctors are empowered through direct sales, and control is strengthened to enhance product competitiveness. Recently, a variety of medical botulinum toxins in China have been approved, and the promotion of low-priced products is expected to push up the penetration rate, and enterprises with strong operational capabilities will enter the market or promote the evolution of the pattern.